Press and daily Dakotaian. (Yankton, Dakota Territory [S.D.]) 1880-1889, 1887-11-19
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THE T"REAsURER'S STORY.
ANNUAL BALANCE sfEET OF THE
NATIONS FINANCES.

49,
Source of Revenue and the Nature OF
Expenditures,
WASHINGTON, Nov. 1S.-The treasur.
er's report shows that the revenues o.
the government for the FISCAL year ended
June 80, 1887, we're $50 403, 257, and the
ordinary expenditures S2G7, $50, 17s; the
surplus receipts available for the reduc.
ton Of the public debt being Si03, al, 097.
Compared with the previous year the
receipts increased $s4. 1858, 500; the ex-
penditares, ss25, 40, obi and the surplus
revenues 80, ole, 500. There was an In
crease In every item of revenue, the
largest being in the receipts from GUS
toms. The largest increase in the ex-
penditures wa N account of Indians
and pensions, and the largest decrease
on account OF Intereston the public debt.
Tie receipts Of the postofiee department
announced TO, $J4. 552, 347, and the ex-
%pgnd!tures To s53, 5S55, S35. The egenues
exclusive of deficiencies appropriations,
increased ~, 800, f95, and the expendi-
lures SSa ,90i 249. The amount drawn
from tie treasury TO mako good the de-
licielcies in the postal revenue was
Ssb.96J, l3S; as, against 80, IA, 423 in 1886.
Tie operations OF the year involved the
redemption of 1927, Oh, $50 in United
States bonds. Of which t$s4if, S94, 200 was
on account of the sinking fund; the issue
of nearly Goo, 600 drafts and checks; the
redemption OF upwards Of $i93, coo, 600 in
Ifitted states paper currency and ma
ti0aaA bank notes, and the handling of
$sslga, 0oLu,500 Ia United States bonds, de-
posted or Withdrawn by national banks.
The statements OF the assets and lIabiii-
ties of the treasury are given for the close
u the fiscal year and Tor Sept. so and
Oct. ~, 1885,, in comparison with the
same days last year. The largest increase
IN any Item Of assets during the year
ending September 30, was $$844, 705, 623 in
gold coin aud bullion, and the largest de-
crease, $$2B, l43, 1871 in silver dollars and
bullion. Tine largest increase in the liza
bilities was liz the tln9 for the retire
Mentof tie National bank notes, which
ran up from 500, 6t9,S47 t D $l0s, 2a5,9l87.
The available balance decreased 500. 1872
52a, and the total balance, including
fractional silver and minor coin, fell Off
SIS ,2236, as1. during the year ending
October 81, the R.bld balance increased
S$4a 55sa2, d533, the stiyer balance decreased
s2f,261 (, and the total balance ran up
VI, y5s, ssS3 The statement of the United
States notes outstanding shows that be-
tween J June 30, 1884, and Sept. 80, 1887,
b circulation of one and t~wo-dollar
notes gradually ran down from SOL, $780,
GOO TO $f6,4o9 600. This decrease has
been made up by changes in other de-
nominations, the volume of fives, tens,
hi tsysftits increasing about SIS, 6d6,-
o0U. 'rle demand for notes of these de-
nominations has been constant, and
greater than the Treasurer has been
able to supply. The shipments of
the legal tenders and silver certificates
decreased nearly sS2255 900, 600 in the year.
The amount outstanding October 81,
was Sf32, 542 93l, Of which the treasury
held sSE32. SD, los. The silver certificates
outstanding ut the close of the fiscal
year amounted to Sl45, 543, $50, an in
crease OF nearly $50, 900, 900 in twelve
months The amount in the treasury
fell or in the salne period from nearly
$S28, 600, 900 TO IA, 4255se SO, while the In
tie more than Ss54s 900, 900. This increase.
the treasurer says, is due in part to the
demand for small notes arising from the
= tHSi1 hplNSl Que5 Alu
twos There were put out of small de-
nominations, together with the Increase
in the circulation OF silver coins during
the fifteen months ending September so.
amounting To upward of $I49, 900, OoG,
while in addition several million dollars
In small gold Coins have been drawn into
circulation. There were no gold certif-
Gates issued during the year. The re-
demptions amounted to so, GS7 ,428. OF
the Total Of 81, IT, ,354, $50, issued from
1866, there We're outstanding at the close
of the year Sl2l,4S8, SIT, of which
S330, 261.350 We're in the treasury.
and 9i2s5ha3 in circulation.
The holdings OF the treasury
during the year, $$i4,I56, 600 and IS, s87,-
GOO In certificates of these denominations
respectively, n s. FOG, 600 Ia fives. The
treasurer HES been unable to supply the
demand for these denominations, because
1T has been impossible to get them printed
fast enough. He regrets that he has been
obliged to put them In circulation too
fresh from the presses, as it is the exper4
fence. cfthe department that notes. to
wear well, require proper seasoning be-
fore being paid out. Many complaints
have been made that notas recently is
sued are rapidly defaced. The treasurer
considers il very desirable that 4 liberal
supply should be printed aud available to
meet tho feggliar demands at certain sea.
sons. The coinage OF standard silver dol
lars Tor the fiscal year was $St933, 216, S31. an
increase of IS. 81 a26 over 1856. On Oc-
tober 81, the treasury hold $214,I55, $50
and there We're S82, $40, 6a5 n circulation.
The Importance of the service rendered
by United States discussing officers who
annually pay oat the greater part of the
moneys appropriated by congress, is
dWelt upon by the treasurer. During
the year there were II, coo accounts with
these officers on the books OF the treasury.
sub-treasuries and depository banks. Che
treasurer reviews the recommendations
OF his Predecessor that all OF the reyen-
,tes be deposited i'll the treasury, and be
disbursed on the warrant OF the score
tary, and that the payment OF speakers
certificates for salaRlessanh mileage OF
members OF congress- be deyolyed qpon d
disbnfsing officer. There was u decrease
oOe, III during the year in bonds
held to secure the circ collation. of national
h9asIIEk ST. leaving on deposit Sl9l, 968, 700,
against which there was outstanding
1856. 625, 85S in national bank notes
b semi-annual duty collect
ed from the national banks
amounted to SO ,004, assa. making
an aggregate of $l34, 637, 676 since
the organization Of the system. The
Average annual ~redemptions of The
national bsnk notes during the thirteen.
years that the redemption agency has
been IN operation, have been $l36, 355,
sol, the amount for the past year, $751;
oSs,667, was less than in any other .ex.
cept the three previous. The falling off
in The demand for redemption is ascribe,l
to the contraction of outstanding circu-
latlon. The banks deposited upward OF
S75,00O,0 600 to withdraw their circuls-
ton, an anlouut largely in excess